trading

New Trading Video – How to Succeed Trading on Digitex

Digitex
Trading
• Digitex
May 17, 2021

Frequent winning trader on the Digitex platform CoinCollector has compiled another handy video for you. If you want to take advantage of the insane volatility surrounding the cryptocurrency markets right now, you should be trading on the only platform that lets you keep 100% of your profit. Watch as this skilled trader makes quick gains using the one-minute chart and following his simple technical rules.

Trading BTC and ETH Futures

CoinCollector first takes us through two trades he’s taken earlier, one on the BTCUSD market and the other on the ETHUSD market, to show how he makes money whether the market goes up or down. In this video, there was a lot of action going on in BTC and it hit the lower trend line four times. He says, “the more often a trend line gets hit, the more likely it will break,” and he was expecting the BTC price to take a significant turn to the downside. 

He gives us a look at candles and an explanation of wicks–and why they may or may not get filled. The wick in the video, he says, will produce a very strong price reaction, which means that there are many sellers and the price will pull back, as people close out their positions. He shows us how to draw a trend line on the screen and then wait for the price to break the trend line. Each time the trend line gets hit, it adds to his confidence that the price will continue to go down.

He also shows us a trade on the ETHUSD market, this time with the price of ETH turning bearish. However, he says that when you are trading an asset on a very short time frame, don’t forget that the price will likely go up and down, retesting after it hits the trend line. This means that when you are scalping, you must be prepared to go long and short and quickly close out your positions, giving the screen your entire attention. 

His strategy really takes advantage of scalping, of capitalizing on even the smallest of movements in the price. That’s one of the things that makes Digitex so unique. It lets you win every single minute, following the price and accumulating small profits. Even if BTC and ETH go and down and up in a zig-zag multiple times in an hour, you can profit when you follow the price–and ensure that you reduce your losses by closing out your position quickly when needed.

Live Trading

CoinCollector then shows us a session of his live trading, really putting the exchange through its paces showing what’s possible using the trendline technique to measure price targets. Despite the crypto markets tanking over the last few days, CoinCollector shows how it’s possible to make money. In fact, he made more than 500,000 DGTX in profit from shorting the price of both BTC and ETH.

You need patience and discipline, and have to be prepared to change in an instant to make sure to capture the trend. In this video, he watches to see if BTC can break out of a level and go to the upside. He also explains how to go long or short when you take into factors like resistance and support. But mainly, he really shows how fast-paced trading on the platform is. You have to be completely engaged and ready to watch the action for a “quick short scalp.”

He said, “I do not usually trade on a one-minute chart, but on Digitex you can trade on a one-minute chart thanks to the zero fees. I don’t do that on other exchanges, scalping on a one minute chart, there is no better place to go than here because zero fees saves you a ton of money.”

If your crypto holdings are hurting and you want to try your hand at scalping on the Digitex exchange with zero fees and the only trading ladder interface in crypto, be sure to sign up for an account today. We received a 4.45 out of 5 for customer service and 4.3 for the overall platform experience. Check out what else our users are saying about us here.

May 17, 2021
Digitex
Trading

New Trading Video – How to Succeed Trading on Digitex

Digitex
trading

Frequent winning trader on the Digitex platform CoinCollector has compiled another handy video for you. If you want to take advantage of the insane volatility surrounding the cryptocurrency markets right now, you should be trading on the only platform that lets you keep 100% of your profit. Watch as this skilled trader makes quick gains using the one-minute chart and following his simple technical rules.

Trading BTC and ETH Futures

CoinCollector first takes us through two trades he’s taken earlier, one on the BTCUSD market and the other on the ETHUSD market, to show how he makes money whether the market goes up or down. In this video, there was a lot of action going on in BTC and it hit the lower trend line four times. He says, “the more often a trend line gets hit, the more likely it will break,” and he was expecting the BTC price to take a significant turn to the downside. 

He gives us a look at candles and an explanation of wicks–and why they may or may not get filled. The wick in the video, he says, will produce a very strong price reaction, which means that there are many sellers and the price will pull back, as people close out their positions. He shows us how to draw a trend line on the screen and then wait for the price to break the trend line. Each time the trend line gets hit, it adds to his confidence that the price will continue to go down.

He also shows us a trade on the ETHUSD market, this time with the price of ETH turning bearish. However, he says that when you are trading an asset on a very short time frame, don’t forget that the price will likely go up and down, retesting after it hits the trend line. This means that when you are scalping, you must be prepared to go long and short and quickly close out your positions, giving the screen your entire attention. 

His strategy really takes advantage of scalping, of capitalizing on even the smallest of movements in the price. That’s one of the things that makes Digitex so unique. It lets you win every single minute, following the price and accumulating small profits. Even if BTC and ETH go and down and up in a zig-zag multiple times in an hour, you can profit when you follow the price–and ensure that you reduce your losses by closing out your position quickly when needed.

Live Trading

CoinCollector then shows us a session of his live trading, really putting the exchange through its paces showing what’s possible using the trendline technique to measure price targets. Despite the crypto markets tanking over the last few days, CoinCollector shows how it’s possible to make money. In fact, he made more than 500,000 DGTX in profit from shorting the price of both BTC and ETH.

You need patience and discipline, and have to be prepared to change in an instant to make sure to capture the trend. In this video, he watches to see if BTC can break out of a level and go to the upside. He also explains how to go long or short when you take into factors like resistance and support. But mainly, he really shows how fast-paced trading on the platform is. You have to be completely engaged and ready to watch the action for a “quick short scalp.”

He said, “I do not usually trade on a one-minute chart, but on Digitex you can trade on a one-minute chart thanks to the zero fees. I don’t do that on other exchanges, scalping on a one minute chart, there is no better place to go than here because zero fees saves you a ton of money.”

If your crypto holdings are hurting and you want to try your hand at scalping on the Digitex exchange with zero fees and the only trading ladder interface in crypto, be sure to sign up for an account today. We received a 4.45 out of 5 for customer service and 4.3 for the overall platform experience. Check out what else our users are saying about us here.

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scalping profit

How to Profit from Scalping: A Winning Futures Trading Strategy

Digitex Futures
Trading
• Adam Todd
April 2, 2021

Digitex CEO Adam Todd has made his career on the back of a trading technique called scalping. It’s a highly successful futures trading strategy for short-term traders – under the right conditions. However, when the conditions are right, you can learn to win at scalping in any market. Here, Adam shares his tips and insights for how to implement your own winning scalping trading strategy. 

As a successful futures and sports betting trader, my trading style was always focused more on avoiding losing trades than on riding the winners. And the way I did that was to make my trades as short-term as possible. I discovered that the longer I held a position, the bigger the risk that my position would turn into a loser. 

There seemed to be a direct link between my success, and how little time I held a position before going flat again. The shorter the amount of time in a position, the better chance I had of that trade not being a loser. This was most likely due to the nature of my trade selection process which was to be flat for most of the time, occasionally darting in and out of the market stealing single tick profits from larger moves when momentum picked up.

My scalping strategy basically involved judging when the momentum is high enough to keep the move going for another 30 seconds. If I didn’t get at least a single tick profit within that timeframe there was no reason to stay in that trade.

Successful Scalpers Don’t Get Tied Up in Learning About the Asset

As a young pit trader, I had no idea what a Bund futures contract actually was or why it moved around so much. Later, as a sports betting trader, I wouldn’t even know the name of the horse on which I was placing and laying hundreds of bets. Yet, I would go weeks and sometimes months of full-time trading as a scalper without having a single losing day. 

Short-term scalping requires no fundamental knowledge of the underlying instrument on which you’re trading. As soon as you have entered a position you’re looking to exit it, hopefully with a one or two tick profit but willing to scratch it or lose a tick without any emotional attachment to the trade. 

This style of ultra short term, manual trading is labor-intensive and requires the full concentration and attention of the trader. You can’t be checking emails and looking on Facebook and reading random crypto trading articles while you’re scalping to win. 

Besides, you don’t need to know what’s going on out there. It doesn’t matter why a price is moving when you’re a scalp trader because whichever way it goes you’re going to be following it. 

Scalping shouldn’t be a contrary style of trading because the active approach means you can get yourself in a huge mess very quickly. The safest style of scalping is simply following the price, jumping in when momentum is at its highest and then getting out quickly. 

It’s actually better to have no opinion or knowledge of the long term price direction of the underlying instrument so that it doesn’t affect your ability to go against that opinion in these short term scalp trades.

How Fees Ravage Profits

The scalping style of trading described here is the easiest to learn, requires no specialized knowledge about the underlying instrument and will give you steadier, less volatile results. But the big problem is that this style of trading is particularly susceptible to the ravages of the maker and taker fee model of crypto futures exchanges. 

It was possible for me to successfully scalp trade traditional futures markets in this manner because the futures tick value of one tick on the Bund was 25 Deutsch Marks and the commission to buy and sell one futures contract was less than 3 Deutsch Marks and I got a scratch trade rebate every time I bought and sold at the same price. 

All I had to do was make one tick for every 10 round turns to break even, and anything I made over that was profit. It was a lot harder than it sounds. But it was possible because the commission fee to buy and sell one futures contract was one-tenth of the value of one tick. 

However, the taker fee model used on every other crypto futures exchange has established commissions that are astronomically high. Currently, my style of short term scalping to win is literally impossible. The commission cost of buying and selling one futures contract with a taker order is more like ten times the value of one tick. 

That’s absolutely crazy. It’s literally impossible to beat odds like that running against you. At the exact moment you enter a trade, you’re ten ticks offside already. There’s a built-in mechanical edge that you cannot beat, and which guarantees you will lose over the long run. 

On Bitmex, the taker fee is 0.075% of the notional value of the underlying instrument. That may look small, but if you’re trading with 100x leverage that’s actually 7.5% of the margin you put down to enter the trade. If you exit the trade with a Taker order then your trading fees are 15% of the order value! 

For example, total fees on a $1,000 trade with 100x leverage are $150 [100 x $1,000 x 0.00075 x 2]. How can you ever expect to beat a 15% edge working against you?

A typical trade for a short term scalper might go like this: the price starts moving fast so I enter a trade quickly with a taker order that either smash the bid or lifts the offer. Then I immediately place a maker order to join the bid or offer to get out. If it’s not filled within seconds then I’ll cancel that and lift the offer or hit the bid with another taker order to exit the trade. 

I entered the trade with a taker order so now I need to make ten ticks just to break even. And if I exit the trade with a taker order I’ve got to make 20 ticks profit just to break even. That’s just impossible for a short-term scalp trade. 

I can still place trades as maker orders only but it’s impossible to trade profitably when you’re limited to only maker orders. This is especially true in very volatile markets – like crypto – and you will constantly not be getting filled on the good moves. 

Simply put, the maker fee and taker fee model generate large commissions for the exchange and makes it impossible for profitable short-term scalping. A huge number of traders are unable to participate and the massive liquidity they would provide is suffocated by the exchange’s need to charge high fees on turnover. 

As a scalper, I shouldn’t be paying a percentage of the notional value of the underlying instrument. I’m providing liquidity and should be encouraged, not squeezed out of the market entirely.

How Digitex Enables Profitable Scalp Trading

The Digitex Futures exchange is a short-term trader’s paradise. With absolutely no trading fees of any kind on taker orders, traders are free to pursue day trading futures strategies like scalping that are not viable anywhere else, creating massive liquidity in the process. 

That liquidity isn’t constantly drained by the exchange in the form of commissions. Instead, it continues to churn around in the trading ecosystem until it is won by the better traders. As a result, the chances of becoming a winning scalp trader on Digitex are far higher because we’re not siphoning off commission fees as percentages of the notional value of traded contracts. 

The viral marketing potential of a futures exchange that doesn’t have any built-in mechanical edge working against its traders is massive. The effective deployment of user-generated content combined with viral marketing techniques is starting to create a very large and active userbase, further increasing liquidity. 

Living a Traders Dream

Successful trading is a dream of many millions of people and Digitex wants to help make many of those dreams come true. We hope that many thousands of people will experience the unbridled freedom and excitement of becoming a profitable short-term trader who gets to live a lifestyle that most people will only dream of. 

Imagine if you can consistently make $50 a day or $200 a day or $500 a day from trading? How much would that change your life and the lives of everyone around you for the better? 

If you want to start implementing your own successful scalp trading strategy with zero fees, sign up for an account now and start living the trader’s dream.

April 2, 2021
Digitex Futures
Trading

How to Profit from Scalping: A Winning Futures Trading Strategy

Adam Todd
scalping profit

Digitex CEO Adam Todd has made his career on the back of a trading technique called scalping. It’s a highly successful futures trading strategy for short-term traders – under the right conditions. However, when the conditions are right, you can learn to win at scalping in any market. Here, Adam shares his tips and insights for how to implement your own winning scalping trading strategy. 

As a successful futures and sports betting trader, my trading style was always focused more on avoiding losing trades than on riding the winners. And the way I did that was to make my trades as short-term as possible. I discovered that the longer I held a position, the bigger the risk that my position would turn into a loser. 

There seemed to be a direct link between my success, and how little time I held a position before going flat again. The shorter the amount of time in a position, the better chance I had of that trade not being a loser. This was most likely due to the nature of my trade selection process which was to be flat for most of the time, occasionally darting in and out of the market stealing single tick profits from larger moves when momentum picked up.

My scalping strategy basically involved judging when the momentum is high enough to keep the move going for another 30 seconds. If I didn’t get at least a single tick profit within that timeframe there was no reason to stay in that trade.

Successful Scalpers Don’t Get Tied Up in Learning About the Asset

As a young pit trader, I had no idea what a Bund futures contract actually was or why it moved around so much. Later, as a sports betting trader, I wouldn’t even know the name of the horse on which I was placing and laying hundreds of bets. Yet, I would go weeks and sometimes months of full-time trading as a scalper without having a single losing day. 

Short-term scalping requires no fundamental knowledge of the underlying instrument on which you’re trading. As soon as you have entered a position you’re looking to exit it, hopefully with a one or two tick profit but willing to scratch it or lose a tick without any emotional attachment to the trade. 

This style of ultra short term, manual trading is labor-intensive and requires the full concentration and attention of the trader. You can’t be checking emails and looking on Facebook and reading random crypto trading articles while you’re scalping to win. 

Besides, you don’t need to know what’s going on out there. It doesn’t matter why a price is moving when you’re a scalp trader because whichever way it goes you’re going to be following it. 

Scalping shouldn’t be a contrary style of trading because the active approach means you can get yourself in a huge mess very quickly. The safest style of scalping is simply following the price, jumping in when momentum is at its highest and then getting out quickly. 

It’s actually better to have no opinion or knowledge of the long term price direction of the underlying instrument so that it doesn’t affect your ability to go against that opinion in these short term scalp trades.

How Fees Ravage Profits

The scalping style of trading described here is the easiest to learn, requires no specialized knowledge about the underlying instrument and will give you steadier, less volatile results. But the big problem is that this style of trading is particularly susceptible to the ravages of the maker and taker fee model of crypto futures exchanges. 

It was possible for me to successfully scalp trade traditional futures markets in this manner because the futures tick value of one tick on the Bund was 25 Deutsch Marks and the commission to buy and sell one futures contract was less than 3 Deutsch Marks and I got a scratch trade rebate every time I bought and sold at the same price. 

All I had to do was make one tick for every 10 round turns to break even, and anything I made over that was profit. It was a lot harder than it sounds. But it was possible because the commission fee to buy and sell one futures contract was one-tenth of the value of one tick. 

However, the taker fee model used on every other crypto futures exchange has established commissions that are astronomically high. Currently, my style of short term scalping to win is literally impossible. The commission cost of buying and selling one futures contract with a taker order is more like ten times the value of one tick. 

That’s absolutely crazy. It’s literally impossible to beat odds like that running against you. At the exact moment you enter a trade, you’re ten ticks offside already. There’s a built-in mechanical edge that you cannot beat, and which guarantees you will lose over the long run. 

On Bitmex, the taker fee is 0.075% of the notional value of the underlying instrument. That may look small, but if you’re trading with 100x leverage that’s actually 7.5% of the margin you put down to enter the trade. If you exit the trade with a Taker order then your trading fees are 15% of the order value! 

For example, total fees on a $1,000 trade with 100x leverage are $150 [100 x $1,000 x 0.00075 x 2]. How can you ever expect to beat a 15% edge working against you?

A typical trade for a short term scalper might go like this: the price starts moving fast so I enter a trade quickly with a taker order that either smash the bid or lifts the offer. Then I immediately place a maker order to join the bid or offer to get out. If it’s not filled within seconds then I’ll cancel that and lift the offer or hit the bid with another taker order to exit the trade. 

I entered the trade with a taker order so now I need to make ten ticks just to break even. And if I exit the trade with a taker order I’ve got to make 20 ticks profit just to break even. That’s just impossible for a short-term scalp trade. 

I can still place trades as maker orders only but it’s impossible to trade profitably when you’re limited to only maker orders. This is especially true in very volatile markets – like crypto – and you will constantly not be getting filled on the good moves. 

Simply put, the maker fee and taker fee model generate large commissions for the exchange and makes it impossible for profitable short-term scalping. A huge number of traders are unable to participate and the massive liquidity they would provide is suffocated by the exchange’s need to charge high fees on turnover. 

As a scalper, I shouldn’t be paying a percentage of the notional value of the underlying instrument. I’m providing liquidity and should be encouraged, not squeezed out of the market entirely.

How Digitex Enables Profitable Scalp Trading

The Digitex Futures exchange is a short-term trader’s paradise. With absolutely no trading fees of any kind on taker orders, traders are free to pursue day trading futures strategies like scalping that are not viable anywhere else, creating massive liquidity in the process. 

That liquidity isn’t constantly drained by the exchange in the form of commissions. Instead, it continues to churn around in the trading ecosystem until it is won by the better traders. As a result, the chances of becoming a winning scalp trader on Digitex are far higher because we’re not siphoning off commission fees as percentages of the notional value of traded contracts. 

The viral marketing potential of a futures exchange that doesn’t have any built-in mechanical edge working against its traders is massive. The effective deployment of user-generated content combined with viral marketing techniques is starting to create a very large and active userbase, further increasing liquidity. 

Living a Traders Dream

Successful trading is a dream of many millions of people and Digitex wants to help make many of those dreams come true. We hope that many thousands of people will experience the unbridled freedom and excitement of becoming a profitable short-term trader who gets to live a lifestyle that most people will only dream of. 

Imagine if you can consistently make $50 a day or $200 a day or $500 a day from trading? How much would that change your life and the lives of everyone around you for the better? 

If you want to start implementing your own successful scalp trading strategy with zero fees, sign up for an account now and start living the trader’s dream.

Latest News